On July 1, 2022, Sandhill Co. purchased new equipment for $96,000. Its estimated useful life was 7 years with a $12,000 salvage /alue. On January 1, 2025, the company estimated that the equipment's remaining useful life was 10 years, with a revised salvage alue of $6,000. Prepare the journal entry to record depreciation on December 31, 2022. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles anc enter 0 for the amounts.) Prepare the journal entry to record depreciation on December 31, 2023. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) eTextbook and Media List of Accounts Compute the revised annual depreciation on December 31, 2025. Revised annual depreciation $ Prepare the journal entry to record depreciation on December 31, 2025. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) eTextbook and Media List of Accounts Compute the balance in Accumulated Depreciation-Equipment for this equipment after depreciation expense has been recorded on December 31, 2025. Accumulated Depreciation-Equipment $